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Business License

Authored by Sachin Kumar

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Business License
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9 questions

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1.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

What is the full form of ISBN?

International Standard Bibliographic Number
International Standard Book Number
International Standard Book Numbering

International Standard Bibliographic Name

2.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Which type of business registration is suitable for a single individual who wants to own and operate a business?

Limited Liability Company (LLC)
Partnership

Private Limited Company

Proprietorship

3.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

To register a business specifically in Maharashtra, what business license is required?

Gumastha Registration

Import-Export License

Proprietorship

Trade License

Answer explanation

Gumastha registration, also known as a Shop and Establishment Act license, is mandatory for conducting any business in the state of Maharashtra. This requirement is governed by the Maharashtra Shops and Establishment Act and ensures that businesses operate within the legal framework.

4.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Which license is required for businesses involved in international trade?

Business License
Import/Export License
Sales Tax Permit
Local Operating License

5.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

What does the acronym LLC stand for in business registration?

Limited Liability Corporation

Limited Liability Company

Local Liability Company

Limited Liability Certification

6.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

What does the acronym GST stand for in the context of business?

General Sales Tax

Goods and Services Tax

Global Sales Tax

Government Service Tax

7.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

What does the acronym TIN stand for in taxation?

Tax Identification Number

Tax Information Number

Transaction Identification Number

Taxpayer Identification Number

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